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$AB Newton 1D Analysis
Price action is hanging onto the edge of the 100W moving average. If price dips below it we could see a breakdown of price action potentially down to $0.000195.
We can see a pink decending triangle.
Although typically bearish, a descending triangle can sometimes signal a bullish reversal with an upward breakout.
The upside breakout of this consolidation could push price action back up to $0.023554.
We are also in the golden pocket of the Fibbonachi retracement of the larger move to the upside.
NFA, DYOR ⚠️
#Crypto #Trading #Newton